Property Summary As of 12/31/05

Total Shopping Center GLA: Company Owned GLA Annualized Base Rent Year Constructed / Anchors: Acquired / Year of Total Non- Latest Renovation or Number Anchor Company Anchor Anchor Property Location Expansion (3) of Units Owned Owned GLA GLA Total Total Leased Occupancy Total PSF Anchors [8]

Alabama Cox Creek Plaza Florence, AL 1984/1997/2000 5 102,445 92,901 195,346 7,600 202,946 100,501 100,501 100.0%$ 706,262 $ 7.03 Goody's, Toy's R Us, Old Navy, Home Depot [1] Total/Weighted Average 5 102,445 92,901 195,346 7,600 202,946 100,501 100,501 100.0%$ 706,262 $ 7.03

Florida Coral Creek Shops Coconut Creek, FL 1992/2002/NA 34 42,112 42,112 67,200 109,312 109,312 105,712 96.7%$ 1,492,867 $ 14.12 Publix Crestview Corners Crestview, FL 1986/1997/1993 15 79,603 79,603 32,015 111,618 111,618 109,218 97.8%$ 508,024 $ 4.65 Big Lots, Beall's Outlet, Ashley Home Center Kissimmee West Kissimmee, FL 2005/2005 19 184,600 67,000 251,600 48,586 300,186 115,586 102,704 88.9%$ 1,223,870 $ 11.92 Jo-Ann, Marshalls,Target [1] Lantana Shopping Center Lantana, FL 1959/1996/2002 22 61,166 61,166 61,848 123,014 123,014 123,014 100.0%$ 1,282,015 $ 10.42 Publix Marketplace of Delray [11] Delray Beach, FL 1981/2005/NA 48 116,469 116,469 129,911 246,380 246,380 217,455 88.3%$ 2,537,850 $ 11.67 David Morgan Fine Arts, Office Depot, Winn-Dixie Martin Square [11] Stuart, FL 1981/2005/NA 13 291,432 291,432 35,599 327,031 327,031 327,031 100.0%$ 2,032,426 $ 6.21 Home Depot, Howards Interiors, Kmart, Staples Mission Bay Plaza Boca Raton, FL 1989/2004/NA 57 159,147 159,147 113,718 272,865 272,865 269,658 98.8%$ 4,670,342 $ 17.32 Albertsons, LA Fitness Sports Club, OfficeMax, Toys 'R' Us Naples Towne Centre Naples, FL 1982/1996/2003 15 32,680 102,027 134,707 32,680 167,387 134,707 131,594 97.7%$ 790,237 $ 6.01 Florida Food & Drug [1], Save-A-Lot, Beall's Pelican Plaza Sarasota, FL 1983/1997/NA 31 35,768 35,768 70,105 105,873 105,873 81,826 77.3%$ 865,248 $ 10.57 Linens 'n Things Plaza at Delray Delray Beach, FL 1979/2004/NA 48 193,967 193,967 137,529 331,496 331,496 323,728 97.7%$ 4,607,903 $ 14.23 Books A Million, Linens 'n Things, Marshall's Publix, Regal Cinemas, Staples Publix at River Crossing New Port Richey, FL 1998/2003/NA 15 37,888 37,888 24,150 62,038 62,038 62,038 100.0%$ 711,650 $ 11.47 Publix Rivertowne Square Deerfield Beach, FL 1980/1998/NA 23 70,948 70,948 65,699 136,647 136,647 128,600 94.1%$ 1,186,994 $ 9.23 Winn-Dixie, Office Depot Shenandoah Square [7] Davie, FL 1989/2001/NA 44 42,112 42,112 81,500 123,612 123,612 118,012 95.5%$ 1,804,748 $ 15.29 Publix Shoppes of Lakeland Lakeland, FL 1985/1996/NA 20 123,400 122,441 245,841 59,447 305,288 181,888 178,972 98.4%$ 1,952,748 $ 10.91 Michael's, Ashley Furniture, Target [1], Linens 'n Things Southbay Shopping Center Osprey, FL 1978/1998/NA 19 31,700 31,700 64,990 96,690 96,690 72,670 75.2%$ 498,337 $ 6.86 Beall's Coastal Home Sunshine Plaza Tamarac, FL 1972/1996/2001 30 146,409 146,409 97,920 244,329 244,329 243,129 99.5%$ 1,994,061 $ 8.20 Publix, Old Time Pottery The Crossroads Royal Palm Beach, FL 1988/2002/NA 36 42,112 42,112 77,980 120,092 120,092 117,917 98.2%$ 1,648,159 $ 13.98 Publix Treasure Coast Commons [11] Jensen Beach, FL 1996/2004/NA 3 92,979 92,979 - 92,979 92,979 92,979 100.0%$ 1,077,828 $ 11.59 Barnes & Noble, OfficeMax, Sports Authority Village Lakes Shopping Center Land O' Lakes, FL 1987/1997/NA 24 125,141 125,141 61,335 186,476 186,476 178,030 95.5%$ 1,017,936 $ 5.72 Kash 'N Karry Food Store, Wal-Mart Village of Oriole Plaza [11] Delray Beach, FL 1986/2005/NA 39 42,112 42,112 113,640 155,752 155,752 154,752 99.4%$ 1,936,247 $ 12.51 Publix Village Plaza [11] Lakeland, FL 1989/2004/NA 27 64,504 64,504 76,088 140,592 140,592 122,462 87.1%$ 1,328,303 $ 10.85 Circuit City, Staples Vista Plaza [11] Jensen Beach, FL 1998/2004/NA 9 87,191 87,191 22,689 109,880 109,880 109,880 100.0%$ 1,415,233 $ 12.88 Bed, Bath & Beyond, Circuit City, Michael's West Broward Shopping Center [11] Plantation, FL 1965/2005/NA 19 81,801 81,801 74,435 156,236 156,236 156,236 100.0%$ 1,531,980 $ 9.81 Badcock, National Pawn Shop, Save-A-Lot, US Postal Service Total/Weighted Average 610 340,680 2,136,029 2,476,709 1,549,064 4,025,773 3,685,093 3,527,617 95.7%$ 38,115,004 $ 10.80

Georgia Centre at Woodstock Woodstock, GA 1997/2004/NA 14 51,420 51,420 35,328 86,748 86,748 83,448 96.2%$ 1,018,400 $ 12.20 Publix Conyers Crossing Conyers, GA 1978/1998/1989 15 138,915 138,915 31,560 170,475 170,475 167,900 98.5%$ 886,848 $ 5.28 Burlington Coat Factory, Hobby Lobby Holcomb Center Alpharetta, GA 1986/1996/NA 23 39,668 39,668 67,385 107,053 107,053 37,787 35.3%$ 377,311 $ 9.99 Horizon Village Suwanee, GA 1996/2002/NA 22 47,955 47,955 49,046 97,001 97,001 90,461 93.3%$ 1,077,400 $ 11.91 Publix Indian Hills Calhoun, GA 1988/1997/NA 18 97,930 97,930 35,200 133,130 133,130 120,330 90.4%$ 727,548 $ 6.05 Goody's, Ingles Market, Tractor Supply Mays Crossing Stockbridge, GA 1984/1997/1986 19 100,244 100,244 37,040 137,284 137,284 103,384 75.3%$ 638,723 $ 6.18 Big Lots, Dollar Tree Promenade at Pleasant Hill Duluth, GA 1993/2004/NA 36 199,555 199,555 95,000 294,555 294,555 272,555 92.5%$ 2,306,974 $ 8.46 Old Time Pottery, Publix Total/Weighted Average 147 - 675,687 675,687 350,559 1,026,246 1,026,246 875,865 85.3%$ 7,033,204 $ 8.03

Indiana Merchants' Square Carmel, IN 1970/2004/NA 51 80,000 69,504 149,504 208,015 357,519 277,519 261,420 94.2%$ 3,315,263 $ 12.68 Marsh [1], Cost Plus, Hobby Lobby Total/Weighted Average 51 80,000 69,504 149,504 208,015 357,519 277,519 261,420 94.2%$ 3,315,263 $ 12.68

Maryland Crofton Centre Crofton, MD 1974/1996/NA 17 176,376 176,376 75,171 251,547 251,547 251,547 100.0%$ 1,741,968 $ 6.93 Super Valu, Kmart, Leather Expo Total/Weighted Average 17 - 176,376 176,376 75,171 251,547 251,547 251,547 100.0%$ 1,741,968 $ 6.93

Supplemental Financial and Operating Statistics Q4 2005 Ramco-Gershenson Properties Trust (RPT) Page 14 Property Summary As of 12/31/05

Michigan Auburn Mile Auburn Hills, MI 2000/1999/NA 8 533,659 64,298 597,957 29,134 627,091 93,432 93,432 100.0%$ 972,758 $ 10.41 Best Buy [1], Target [1], Meijer [1], Costco [1], Jo-Ann etc Staples Beacon Square [10] Grand Haven, MI 2004/2004/NA 8 103,316 - 103,316 31,653 134,969 31,653 31,653 100.0%$ 506,352 $ 16.00 Home Depot [1] Clinton Pointe Clinton Twp., MI 1992/2003/NA 14 112,000 65,735 177,735 69,595 247,330 135,330 109,030 80.6%$ 1,059,831 $ 9.72 OfficeMax, Sports Authority, Target [1] Clinton Valley Mall Sterling Heights, MI 1977/1996/2002 8 55,175 55,175 52,571 107,746 107,746 104,897 97.4%$ 1,462,023 $ 13.94 Office Depot, DSW Shoe Warehouse Clinton Valley Sterling Heights, MI 1985/1996/NA 12 50,262 50,262 51,160 101,422 101,422 71,647 70.6%$ 529,876 $ 7.40 Big Lots Eastridge Commons Flint, MI 1990/1996/2001[10] 16 117,777 124,203 241,980 45,637 287,617 169,840 163,304 96.2%$ 1,651,247 $ 10.11 Farmer Jack (A&P) [5], Staples, Target [1], TJ Maxx Edgewood Towne Center Lansing, MI 1990/1996/2001[10] 15 209,272 23,524 232,796 62,233 295,029 85,757 85,757 100.0%$ 855,352 $ 9.97 OfficeMax, Sam's Club [1], Target [1] Fairlane Meadows Dearborn, MI 1987/2003/NA 23 175,830 56,586 232,416 80,922 313,338 137,508 135,708 98.7%$ 2,055,465 $ 15.15 Best Buy, Office Depot [5], Target [1], Mervyn's [1] Fraser Shopping Center Fraser, MI 1977/1996/NA 8 52,784 52,784 23,915 76,699 76,699 71,735 93.5%$ 434,156 $ 6.05 Oakridge Market, Rite-Aid Gaines Marketplace Gaines Twp., MI 2004/2004/NA 12 351,981 351,981 35,548 387,529 387,529 387,529 100.0%$ 1,608,585 $ 4.15 Meijer, Staples, Target Gratiot Crossing [11] Chesterfield, MI 1980/2005 14 122,406 122,406 43,289 165,695 165,695 147,466 89.0%$ 1,263,840 $ 8.57 Jo-Ann, Kmart Hoover Eleven Warren, MI 1989/2003/NA 56 138,361 138,361 150,571 288,932 288,932 271,666 94.0%$ 3,185,174 $ 11.72 Kroger, Marshall's, OfficeMax, TJ Maxx Hunter's Square [11] Farmington Hills, MI 1988/2005/NA 32 189,132 189,132 164,205 353,337 353,337 346,617 98.1%$ 5,879,088 $ 16.96 Bed Bath & Beyond, Borders, Loehmann's Marshall's, TJ Maxx Jackson Crossing Jackson, MI 1967/1996/2002 64 254,242 222,468 476,710 176,299 653,009 398,767 387,148 97.1%$ 3,478,313 $ 8.98 Kohl's Department Store, Sears [1], Target [1] TJ Maxx Toys 'R' Us, Best Buy, Bed, Bath & Beyond, Jackson 10 Jackson West Jackson, MI 1996/1996/1999 5 194,484 194,484 15,837 210,321 210,321 210,321 100.0%$ 1,600,582 $ 7.61 Circuit City, Lowe's, Michael's, OfficeMax Kentwood Towne Centre [2] Kentwood, MI 1988/1996//NA 18 101,909 122,390 224,299 61,265 285,564 183,655 177,655 96.7%$ 1,402,365 $ 7.89 Hobby Lobby, OfficeMax, Target [1] Lake Orion Plaza Lake Orion, MI 1977/1996/NA 9 114,574 114,574 14,878 129,452 129,452 127,132 98.2%$ 554,374 $ 4.36 Farmer Jack (A&P), Kmart Lakeshore Marketplace Norton Shores, MI 1996/2003/NA 23 258,638 258,638 104,610 363,248 363,248 350,054 96.4%$ 2,566,927 $ 7.33 Barnes & Noble, Dunham's, Elder-Beerman Hobby Lobby, TJ Maxx, Toys 'R' Us Livonia Plaza Livonia, MI 1988/2003/NA 20 90,831 90,831 42,912 133,743 133,743 127,643 95.4%$ 1,304,667 $ 10.22 Kroger, TJ Maxx Madison Center Madison Heights, MI 1965/1997/2000 14 167,830 167,830 59,258 227,088 227,088 214,734 94.6%$ 1,321,735 $ 6.16 Dunham's, Kmart Millennium Park [11] Livonia, MI 2000/2005/NA 13 352,641 241,850 594,491 33,700 628,191 275,550 275,550 100.0%$ 3,426,498 $ 12.44 Home Depot, Linens 'n Things, Marshall's, Michael's Petsmart, Costco [1], Meijer [1] New Towne Plaza Canton Twp., MI 1975/1996/2005 15 126,425 126,425 59,943 186,368 186,368 186,368 100.0%$ 1,809,057 $ 9.71 Kohl's Department Store, Jo-Ann Oak Brook Square Flint, MI 1982/1996/NA 22 57,160 57,160 83,057 140,217 140,217 96,437 68.8%$ 910,330 $ 9.44 TJ Maxx Roseville Towne Center Roseville, MI 1963/1996/2004 12 211,166 211,166 45,249 256,415 256,415 231,017 90.1%$ 1,499,347 $ 6.49 Marshall's, Wal-Mart Southfield Plaza Southfield, MI 1969/1996/2003 14 128,340 128,340 37,660 166,000 166,000 162,000 97.6%$ 1,266,939 $ 7.82 Burlington Coat Factory, Marshall's, Staples Southfield Plaza Expansion [9] Southfield, MI 1987/1996/2003 11 - - 19,410 19,410 19,410 17,610 90.7%$ 271,593 $ 15.42 No Anchor Taylor Plaza Taylor, MI 1970/1996/NA 1 ------0.0%$ - $ - Turnover to Home Depot 11/29/05; in process of constructing their own building Tel-Twelve Southfield, MI 1968/1996/2003 21 443,044 443,044 47,550 490,594 490,594 453,491 92.4%$ 4,309,136 $ 9.50 Meijer, Lowe's, Office Depot DSW Shoe Warehouse, Michael's Troy Marketplace [11] Troy, MI 2000/2005 8 113267 95,683 208,950 23,813 232,763 119,496 94,996 79.5%$ 1,889,848 $ 19.89 Linens N Things, Nordstom Rack, REI [1], Home Depot Expo Design [1] West Acres Commons [7] Flint, MI 1998/2001/NA 14 59,889 59,889 35,200 95,089 95,089 93,689 98.5%$ 1,177,373 $ 12.57 Farmer Jack (A&P) [5] West Oaks I Novi, MI 1979/1996/2004 7 226,839 226,839 19,028 245,867 245,867 245,867 100.0%$ 2,444,098 $ 9.94 Circuit City, OfficeMax, DSW Shoe Warehouse Home Goods, Michael's, Gander Mountain West Oaks II Novi, MI 1986/1996/2000 30 221,140 90,753 311,893 77,201 389,094 167,954 167,954 100.0%$ 2,685,007 $ 15.99 Value City Furniture [6], Bed Bath & Beyond [6], Marshall's, Toys 'R' Us [1], Petco [1] Kohl's Department Store [1], Jo-Ann etc Winchester Center [11] Rochester Hills, MI 1980/2005/NA 16 224,356 224,356 89,309 313,665 313,665 293,146 93.5%$ 4,109,393 $ 14.02 Borders, Dick's Sporting Goods, Linens 'n Things Marshall's, Michael's, Petsmart Total/Weighted Average 563 2,295,053 4,371,167 6,666,220 1,886,612 8,552,832 6,257,779 5,933,253 94.8%$ 59,491,329 $ 10.03

New Jersey Chester Springs Shopping Center Chester, NJ 1970/1996/1999 40 81,760 81,760 142,393 224,153 224,153 217,773 97.2%$ 2,904,211 $ 13.34 Shop-Rite Supermarket, Staples Total/Weighted Average 40 - 81,760 81,760 142,393 224,153 224,153 217,773 97.2%$ 2,904,211 $ 13.34

Supplemental Financial and Operating Statistics Q4 2005 Ramco-Gershenson Properties Trust (RPT) Page 15 Property Summary As of 12/31/05

North Carolina Holly Springs Plaza Franklin, NC 1988/1997/1992 16 124,484 124,484 31,100 155,584 155,584 155,584 100.0%$ 884,049 $ 5.68 Ingles Market, Wal-Mart Ridgeview Crossing Elkin, NC 1989/1997/1995 16 168,659 168,659 36,890 205,549 205,549 205,549 100.0%$ 1,124,454 $ 5.47 Belk Department Store, Ingles Market, Wal-Mart Total/Weighted Average 32 - 293,143 293,143 67,990 361,133 361,133 361,133 100.0%$ 2,008,503 $ 5.56

Ohio Crossroads Centre Rossford, OH 2001/2001/NA 22 126,200 255,091 381,291 99,054 480,345 354,145 349,245 98.6%$ 3,331,791 $ 9.54 Home Depot, Target [1], Giant Eagle, Michael's Linens 'n Things OfficeMax Center Toledo, OH 1994/1996/NA 1 22,930 22,930 - 22,930 22,930 22,930 100.0%$ 265,988 $ 11.60 OfficeMax Spring Meadows Place Holland, OH 1987/1996/2005 30 275,372 54,071 329,443 131,365 460,808 185,436 145,598 78.5%$ 1,715,295 $ 11.78 Dick's Sporting Goods [6], Media Play [6], Kroger [1], Target [1], TJ Maxx, OfficeMax Troy Towne Center Troy, OH 1990/1996/2003 17 90,921 107,584 198,505 37,026 235,531 144,610 141,970 98.2%$ 954,791 $ 6.73 Sears Hardware, Wal-Mart[1], Kohl's Total/Weighted Average 70 492,493 439,676 932,169 267,445 1,199,614 707,121 659,743 93.3%$ 6,267,865 $ 9.50

South Carolina Edgewood Square North Augusta, SC 1989/1997/1997 15 207,829 207,829 20,375 228,204 228,204 177,704 77.9%$ 995,888 $ 5.60 Bi-Lo Grocery, Wal-Mart [5] Taylors Square Taylors, SC 1989/1997/1995 13 207,454 207,454 31,021 238,475 238,475 238,475 100.0%$ 1,408,612 $ 5.91 Wal-Mart Total/Weighted Average 28 - 415,283 415,283 51,396 466,679 466,679 416,179 89.2%$ 2,404,500 $ 5.78

Tennessee Cumberland Gallery New Tazewell, TN 1988/1997/NA 15 73,304 73,304 24,851 98,155 98,155 82,555 84.1%$ 341,303 $ 4.13 Ingles Market, Wal-Mart Highland Square Crossville, TN 1988/1997/2005 20 145,147 145,147 35,620 180,767 180,767 136,125 75.3%$ 834,272 $ 6.13 Kroger, Tractor Supply, Peebles Northwest Crossing Knoxville, TN 1989/1997/1995 11 273,535 273,535 29,933 303,468 303,468 266,393 87.8%$ 1,353,319 $ 5.08 Wal-Mart, Ross Dress for Less Northwest Crossing II Knoxville, TN 1999/1999/NA 2 23,500 23,500 4,674 28,174 28,174 28,174 100.0%$ 282,814 $ 10.04 OfficeMax Stonegate Plaza Kingsport, TN 1984/1997/1993 7 127,042 127,042 11,448 138,490 138,490 102,042 73.7%$ 444,917 $ 4.36 Wal-Mart [5] Tellico Plaza Lenoir City, TN 1989/1997/NA 13 94,805 94,805 19,387 114,192 114,192 111,730 97.8%$ 573,781 $ 5.14 Wal-Mart [4], Dollar General Total/Weighted Average 68 - 737,333 737,333 125,913 863,246 863,246 727,019 84.2%$ 3,830,406 $ 5.27

Virginia Aquia Towne Center Stafford, VA 1989/1998/NA 40 117,195 117,195 122,847 240,042 240,042 226,342 94.3%$ 2,375,418 $ 10.49 Super Valu [5], Big Lots, Northrop Grumman Total/Weighted Average 40 - 117,195 117,195 122,847 240,042 240,042 226,342 94.3%$ 2,375,418 $ 10.49

Wisconsin East Town Plaza Madison, WI 1992/2000/2000 18 132,995 144,685 277,680 64,274 341,954 208,959 201,291 96.3%$ 1,834,976 $ 9.12 Burlington, Marshalls, JoAnn, Borders, Toys R Us [1], Shopco [1] West Allis Towne Centre West Allis, WI 1987/1996/NA 31 216,634 216,634 112,980 329,614 329,614 291,796 88.5%$ 2,096,351 $ 7.18 Kmart, Kohl's Supermarket (A&P)[5], Dollar Tree Big Lots Total/Weighted Average 49 132,995 361,319 494,314 177,254 671,568 538,573 493,087 91.6%$ 3,931,326 $ 7.97

PORTFOLIO TOTAL/WEIGHTED AVERAGE 1720 3,443,666 9,967,373 13,411,039 5,032,259 18,443,298 14,999,632 14,051,479 93.7%$ 134,125,261 $ 9.55

[1] Anchor-owned store [2] 77.87896% general partner interest [3] Represents year constructed/acquired/year of latest renovation or expansion by either the Company or the former Ramco Group, as applicable. [4] Wal-Mart currently is not occupying its leased premises in this shopping center but remains obligated to pay under the terms of the respective lease agreement. The space leased by Wal-Mart has been subleased to third parties [5] Tenant closed - lease obligated [6] Owned by others [7] 40% joint venture interest [8] We define anchor tenants as single tenants which lease 19,000 square feet or more at a property. [9] 50% general partner interest [10] 10% joint venture interest [11] 30% joint venture interest

Supplemental Financial and Operating Statistics Q4 2005 Ramco-Gershenson Properties Trust (RPT) Page 16 GEOGRAPHIC DIVERSIFICATION BY RENT [1] BY GLA WI: 3% TN: 3% WI: 4% All Others All Others 12% LEGEND 12% MI: Michigan MI OH: 5% MI FL: Florida OH: 5% 44% 42% GA OH: Ohio TN: 6% 5% TN: Tennessee GA: Georgia GA WI: Wisconsin 7% FL FL 28% 24%

ANCHOR, NON-ANCHOR TENANT MIX BY RENT [1] BY GLA [2]

LEGEND

ANCHORS: Spaces NON-ANCHOR greater than or equal 32% NON-ANCHOR ANCHOR to 19,000 square feet 49% 51% ANCHOR NON-ANCHORS: 68% Spaces of less than 19,000 square feet

CREDIT QUALITY TENANT MIX BY RENT [1] BY GLA [2]

REG LOC 14% LEGEND 13%

REG LOC NAT: National 18% 18% NAT REG: Regional NAT 68% LOC: Local 69%

[1] Figures shown represent annualized base rents [2] Figures shown represent occupied Gross Leasable Area

Supplemental Financial and Operating Statistics Q4 2005 Ramco-Gershenson Properties Trust (RPT) Page 17 Major Tenants* as of 12/31/2005

Annualized Base Rent in Place at 12/31/05 Leased GLA as % of Total % of Base Rental Number of of 12/31/05 Company Owned Total Annualized Annualized Base Revenue as of Lease Name Leases (Sq.Ft.) GLA Base Rent Rent/Square Foot 12/31/05

Wal-Mart 10 1,170,636 7.80% $5,091,373 $4.35 3.80%

T.J. Maxx/Marshalls 18 579,613 3.86% 5,027,664 8.67 3.75%

Publix 11 523,374 3.49% 4,097,821 7.83 3.06%

Linens n' Things 7 238,067 1.59% 2,911,789 12.23 2.17%

OfficeMax 11 254,020 1.69% 2,846,639 11.21 2.12%

Kmart 6 606,720 4.04% 2,717,603 4.48 2.03%

Home Depot 3 384,690 2.56% 2,605,000 6.77 1.94%

Jo-Ann 8 242,861 1.62% 2,519,868 10.38 1.88%

Farmer Jack/A & P 4 212,612 1.43% 2,116,093 9.95 1.58%

Michaels 8 178,422 1.19% 1,962,054 11.00 1.46%

86 4,391,015 29.27% $31,895,904 $7.26 23.78%

* Tenants which individually account for 1.5% or more of annualized base rent.

Supplemental Financial and Operating Statistics Q4 2005 Ramco-Gershenson Properties Trust (RPT) Page 18 Summary of Expiring GLA

All Leases Annualized Base Rent in Place at 12/31/05 Lease Number of GLA Under % of Annualized Base Expiration Leases Expiring Company Total Annualized % of Annualized Rent per Square Year Expiring Leases Owned GLA Base Rent Base Rent Foot 2006 265 890,070 6.33% $10,804,628 8.06% $12.14 2007 231 1,120,761 7.98% 11,990,371 8.94% 10.70 2008 270 1,796,880 12.79% 17,435,635 13.00% 9.70 2009 212 1,624,418 11.56% 14,894,370 11.10% 9.17 2010 206 1,322,632 9.41% 15,060,482 11.23% 11.39 2011 88 758,433 5.40% 7,591,838 5.66% 10.01 2012 36 569,868 4.06% 5,707,410 4.26% 10.02 2013 36 691,134 4.92% 7,546,040 5.63% 10.92 2014 29 718,164 5.11% 5,291,431 3.95% 7.37 2015 33 591,918 4.21% 5,901,308 4.39% 9.97 2016+ 91 3,967,201 28.23% 31,901,748 23.78% 8.04 Total 1497 14,051,479 100.00% $134,125,261 100.00% $9.55

All Anchor Leases Lease Number of GLA Under % of Annualized Base Expiration Leases Expiring Company Total Annualized % of Annualized Rent per Square Year Expiring Leases Owned GLA Base Rent Base Rent Foot 2006 6 152,788 1.59% $1,133,226 1.64% $7.42 2007 9 382,932 3.99% 1,876,240 2.72% 4.90 2008 27 1,102,916 11.50% 7,311,884 10.58% 6.63 2009 25 1,036,750 10.81% 6,445,161 9.33% 6.22 2010 19 685,364 7.15% 5,353,078 7.75% 7.81 2011 12 415,790 4.34% 2,828,650 4.09% 6.80 2012 10 441,915 4.61% 3,523,243 5.10% 7.97 2013 13 575,711 6.00% 5,207,295 7.54% 9.04 2014 11 627,624 6.55% 3,610,361 5.22% 5.75 2015 13 493,740 5.15% 4,216,983 6.10% 8.54 2016+ 56 3,673,502 38.31% 27,592,420 39.93% 7.51 Total 201 9,589,032 100.00% $69,098,541 100.00% $7.21

All Non-Anchor Leases Lease Number of GLA Under % of Annualized Base Expiration Leases Expiring Company Total Annualized % of Annualized Rent per Square Year Expiring Leases Owned GLA Base Rent Base Rent Foot 2006 259 737,282 16.52% $9,671,402 14.87% $13.12 2007 222 737,829 16.53% 10,114,131 15.55% 13.71 2008 243 693,964 15.55% 10,123,751 15.57% 14.59 2009 187 587,668 13.17% 8,449,209 12.99% 14.38 2010 187 637,268 14.28% 9,707,404 14.93% 15.23 2011 76 342,643 7.68% 4,763,188 7.32% 13.90 2012 26 127,953 2.87% 2,184,167 3.36% 17.07 2013 23 115,423 2.59% 2,338,745 3.60% 20.26 2014 18 90,540 2.03% 1,681,070 2.59% 18.57 2015 20 98,178 2.20% 1,684,325 2.59% 17.16 2016+ 35 293,699 6.58% 4,309,328 6.63% 14.67 Total 1296 4,462,447 100.00% $65,026,720 100.00% $14.57

Supplemental Financial and Operating Statistics Q4 2005 Ramco-Gershenson Properties Trust (RPT) Page 19